Pre Market Report, May 2, 2018 | Stocks and Commodities

May 2, 2018
Time: 9 am

Pre Market Report:

1. US markets ended mixed.
2. Dow was down and Nasdaq was up.
3. Apple came with good results after US markets close.
4. Apple also announce US$100 billion buy back.
5. If not for Apple, US markets would have fallen drastically.
6. Yesterday Govt. announced the GST collection of more than Rs 1 Lakh crore.
7. Auto sales data was good.
8. So Auto stock will be in focus.
9. SGX Nifty trading around 10750.
10. But I expect markets to recover as markets open gap down due to global cues.
11. Our markets may go for consolidation for the next few days.
12. Next Monday we will be reacting to exit poll results and on Tuesday for actual results.
13. Crude prices are down slightly.
14. That is a good news for us.
15. FIIs are not that bullish in F&O.
16. Cash market, they keep selling.
17. L&T will be in focus due to restructuring.
18. Any fall of more than 50, 60 points in Nifty is a buying opportunity.
19. Nifty future may trade with volatility today.
20. Nifty future may trade between 10700 and 10800.